The leading Moldovan news portal “Noi.md" has published an article highlighting key points from Azerbaijani President Ilham Aliyev’s interview with local TV channels.

The article, published in Romanian and Russian, featured President Ilham Aliyev's remarks on the economic situation in Azerbaijan.

“With respect to economic performance, we can be satisfied with today's status when the country is absolutely economically independent and does not depend on any support, any loan or whatsoever. Several years ago, I put a target in front of the government to reduce our foreign debt, and that has been achieved. And we stopped borrowing completely and actually finished all the relationship, active relationships with international financial institutions. Now our foreign debt is down to a historically low level of six-plus percent of GDP,” the President noted.

“Today we have two so-called investment programs, one traditional and another for Garabagh and East Zangezur, and both are being implemented successfully with high level of performance. Also, we are working on stabilization of oil production – it is possible – and also increase of our production of natural gas. That will also add additional dynamism to our economy so it can grow,” the head of state emphasized.

Emil Huseynli

Special correspondent